LupoToro

14/05/2025

tech company 's Apollo Go robotaxi business plans to expand to this year, according to a source familiar with the matter.

Over the coming months, Apollo Go plans to open an entity in and launch operations locally and in Turkey, said the source, who could only comment anonymously because of the sensitivity of the matter.

The company's Go robotaxi unit operates fully driverless taxis for the public, including in a suburb of and in other cities in . Fares are typically subsidized.

20/04/2025

infrastructure and cost of are undergoing structural changes because of -driven demand for data centers.

In the process, consumers could be paying higher utility bills because of the sector shifting costs to consumers, warned a latest paper by the Electricity Law Initiative

Meanwhile in the , residents may experience higher wholesale prices in light of a proposed reform to the electricity market that would favor data centers which harness .

28/12/2024

's central on Friday unexpectedly left its key interest rates unchanged at 21% citing improved tightness that had created the conditions to tame sky-high inflation.

Markets had widely expected the central bank to hike interest rates by another 200 basis on Friday, after takin such a step in October.

's consumer price index hit 8.9% in November on an annual basis, up from 8.5% in October.

18/12/2024

Hong Kong recorded a n in listing activities this year, as more companies turned to the city to raise capital and grew optimistic after pledged to support the offshore market.

The stock exchange saw new listings jump for the first time after three consecutive years of declines, in terms of deal values. That included initial public offerings and additional follow-on share sales.

The city's bourse raised a combined $10.65 across 63 deals this year, marking a significant increase of more than 80% compared to the $5.89 billion raised across 67 in 2023 - which was the lowest since 2001.

16/11/2024

President-elect 's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead.

The sweep of the presidency and, potentially, both houses of Congress has triggered what analysts call the return of " " - but with key differences to 2016 that could reshape the investment outlook.

The immediate market reaction has been positive for U.S. assets, with small-cap stocks and sectors like banking and seeing solid gains.

The Russell 2000 small-cap U.S. stock market index is up over 8% since election day, while the Composite is up around 6% and banks and financial institutions have rallied by more than 10%.

14/11/2024

shot higher on Tuesday night, extending its postelection surge after President-elect formally announced the creation of the Department of Government Efficiency, which he referred to as "DOGE" in his statement.

Tesla CEO and , former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said in a statement.

Together, they "will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.

21/07/2024

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